Land Rover wins debt lifeline August 9, 2009 Jaguar Land Rover (JLR) has secured a £75m finance lifeline by mortgaging its stock of Land Rover parts.Burdale Financial, Bank of Ireland’s finance division, has granted a three-year debt facility of up to £75m to the carmaker, which is owned by Tata Motors, of India.The loan is secured on the inventory of Land Rover’s parts [...]
Razorfish bought by Publicis for $530m August 9, 2009 FRENCH advertising group Publicis yesterday agreed to buy Razorfish advertising agency from technology giant Microsoft for $530m (£317m) in cash and stock. Publicis beat off around eight interested companies for Microsoft’s unit, including the UK’s WPP plc and Japanese firm Dentsu. The Paris-based group’s chief executive Maurice Levy said the price paid was the result [...]
Immigration rulers should welcome City talent August 9, 2009 Immigration has hit the news again with word that the Government is considering extending the points-based immigration system, introduced last year for work permit applications, to applications for British citizenship. It is an emotive subject, but getting immigration policy right is important for the success of the City of London and the government needs to [...]
Xstrata looks to sell its Chilean mine August 9, 2009 MINER Xstrata, the group tied up in a merger battle with rival Anglo American, is in talks to sell off its key stake in a South American mine for an estimated $700m (£420m). “Xstrata Copper has received expressions of interest that may result in the introduction of an additional partner into the El Morro copper-gold [...]
CITY MOVES WHO’S SWITCHING JOBS August 9, 2009 Spencer-Churchill Miller PrivateThe high net worth (HNW) wealth management boutique has hired Lady Emily Compton, the former social editor of Tatler magazine. Compton will be responsible for introducing HNW individuals to the business, as well as working alongside founders Alexander Spencer-Churchill and Gina Miller on a new business venture. She has also previously worked as [...]
Traffic numbers go up in July August 9, 2009 Airport owner BAA is set to reveal travel figures today showing that the number of passengers travelling through Heathrow airport in July went up for the first time in three years. And total passenger numbers across the group’s airports are expected to show a slump in the rate of decline. The airport owner’s figures come [...]
Bank inflation report due as City heads for holiday season August 9, 2009 With the streets of the City emptying as weary workers head for sunnier climes, the torrent of company results slows to a trickle this week, but the markets will be scrutinising the Bank of England’s quarterly inflation report. The Bank, which releases its report on Wednesday, is expected to predict that inflation will stay low [...]
Markets turn focus to economic data as recession eases August 9, 2009 We’re likely to see a switch in the market’s focus from earnings back to economic reports this week. The Bank of England’s quarterly inflation report is arguably the highlight of the week, certainly for UK shares and the pound, with the market keen to interpret for itself the evidence which was sufficiently weak to persuade [...]
Forecast the rally’s top with chart patterns August 9, 2009 IT HAS been all too easy to get caught up in the wave of enthusiastic stock market rallies over the past few weeks. At some point – and probably in the near future – indices will either look to retrace some of their gains or consolidate. Spread betters should therefore be looking to lock in [...]
THE TIPSTER RESULTS AND BUYOUTS TO FUEL MARKET August 9, 2009 Interim results are still dominating the headlines and the markets at the moment so spread betters should be well aware of which companies are reporting and what the market is expecting from them. Insurance company Friends Provident reports interims on Tuesday and investors will be hoping for an update on the Resolution situation. For investors [...]
